Correlation Between the S&P 500 and U.S. 10-Year Treasury Yields

Correlation Between the S&P 500 and U.S. 10-Year Treasury Yields The negative correlation between the S&P 500 and U.S. Treasury yields has weakened significantly since August. This moderation in the negative correlation may be seen as good news. Image: BofA Global Research

Rolling 24 Month Correlation Between U.S. Bonds and Equities

Rolling 24 Month Correlation Between U.S. Treasury Bonds and Equities In an inflationary world, U.S. Treasury bonds aren’t effective hedges against U.S. stocks due to inflation eroding bond payouts and rising interest rates leading to bond price declines. Image: BofA Research Investment Committee

S&P 500 – Cross-Asset Correlations

S&P 500 – Cross-Asset Correlations So far, the S&P 500 remains inversely correlated with the U.S. dollar and positively correlated with U.S. 10-year bonds. Image: Goldman Sachs Global Investment Research